Power

Power investors decry equipment vandalism

Sep 23, 2013

Equipment vandalism, which has continued to plague power distribution in the country, is showing no sign of abating and experts have warned that new investors in the 10 distribution companies across the country are facing the challenge. Some senior officials of the Power Holding Company of Nigeria, said the menace had assumed a wider dimension…

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Pressure mounts on FG not to hike electricity tariff

Sep 23, 2013

Pressure is being mounted on the Federal Government to reverse the recently introduced high electricity tariff is rising as the Nigerian Guild of Editors and other groups in the country have endorsed the petition sent to the United Nations on the matter by a coalition of civil society. The petition was initially sent to the…

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Group tasks N’Assembly on oversight function of power sector

Sep 20, 2013

The National Assembly has been charged to exercise its oversight function by ensuring that the performance of private investors in the power sector conforms to the objectives and aims of the reform initiative, which is to ensure sustainable power supply within the shortest possible time. The President of Good Governance Initiative, GGI, a nongovernmental organisation,…

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NIPP: Four plants may not meet deadline

Sep 20, 2013

Four power plants in the ongoing National Integrated Power Projects (NIPPs) may not get completion certificate ahead of the pre-qualified bidders’ takeover deadline in June 2014. This was disclosed by the Niger Delta Power holding Company (NDPHC) at the opening session of the Transaction Review Conference held in Abuja yesterday. NDPHC while briefing the pre-qualified…

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‘Nigeria has 15,000mw hydropower potential’ – DG Energy Comm of Nigeria

Sep 20, 2013

Nigeria is endowed with hydropower potential of about 15,000mega watts(mw) unit of which 23 per cent is small Hydropower, the Director-General (DG), Energy Commission of Nigeria (ECN), Prof. Eli Jidere Bala, has said. He spoke in Abuja during the five-day training course on conducting feasibility studies on Small Hydro Plants by renewables academy (RENAC), Germany. According…

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Lagos to inaugurate two IPPs

Sep 20, 2013

The Lagos State Government will launch two Independent Power Plants in the state next month. These include a newly built 10.4mw plant at Alausa, Ikeja and the Island Power Expansion of the Lagos Island. Speaking at an interactive session with reporters yesterday, the Commissioner for Energy and Mineral Resources, Taofiq Tijani, said the Alausa IPP would…

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Investors want smooth transition for PHCN workers

Sep 20, 2013

The core investors who have bought into the Power Holding Company of Nigeria’s successor companies have asked the government to ensure a seamless transition for workers to be sacked when they take over the firms. The core investors made the appeal when they met with officials of the Bureau of Public Enterprises in Abuja on…

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US, GE to support off-grid rural electrification expansion with $2 million

Sep 19, 2013

The United States Africa Development Foundation (USADF) and General Electric have elected to provide grants up to the tune of $100,000 each in awards to 20 innovative energy solutions, in support of the expansion of off-grid rural electrification access in Nigeria and Kenya within three years. Tagged the ‘USADF/GE power Africa off-grid energy challenge,’ the…

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PHCN workers threaten to shut down power sector

Sep 19, 2013

Employees of Power Holding Company of Nigeria (PHCN)  Wednesday alerted the federal government of a looming industrial crisis in the power sector should it go ahead to secretly handover the assets of Power Holding Company of Nigeria (PHCN) to private investors without the conclusion of payment of workers entitlements. Speaking under the umbrella of the…

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NIPP power plants for handing over by June 2014 – NDPHC

Sep 19, 2013

Niger Delta Power Holding Company (NDPHC) has assured potential bidders that its 10 power generation plant built under the National Integrated Power Project will be fit for purpose before it is handed over. NDPHC managing director, Mr James Olotu, made this known while addressing newsmen yesterday in Abuja during the bidders’ conference even as he…

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